Multi Commodity Exchange of India (MCX) is preparing to launch trading in cash equities and equity derivatives on February 11, under the MCX-SX banner, the bourse has announced.
MCX-SX will be challenging the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE), which have traditionally held sway over share trading in India.
"In line with the regulator's vision, our focus will be to increase the depth of markets, introduce new segments and strengthen participation of investors from across the country," says Joseph Massey, CEO at MCX-SX.
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